The Pincus family have unloaded a couple other properties in the past year, which probably helped soften the blow of Zynga’s shrunken stock price. They sold a Cole Valley house for $1.97 million and a Presidio Heights property, which they never even moved into, for $8.2 million. Looks like this home was a better draw.

Good news for the city of SF is that with the sale of this Gold Coast home, it’ll bank a lot more in property taxes. Since 1907, the home has been in the Newhall family with philanthropist Jane Newhall having lived there until her recent passing at the age of 97. Redfin shows the 2011 property taxes paid were a mere $5,975. With a price tag of $16 million, property taxes will now be a minimum of $160,000 annually.